The @RobinhoodApp announcement and @xStocksFi tokens are a wake up call - 99% of crypto “projects” are unregulated companies peddling altcoins as loyalty points, not equity, so ditch the collector mindset.
A thread on the new token launch meta 🧵
2/ Most of us ape into altcoins thinking we’re VC geniuses, but just stacking airline miles with glorified financial benefits.
The blockchain native ones are more investable - tokens with true ownership in decentralized protocols and memes/NFTs (yes they will return).
3/ Picture Pop Mart - buying stock is equity, loyalty points are discounts and memberships, and Labubu figures are collectibles.
As an investor it's very obvious you should be buying either the equity or the Labubus.
Unfortunately, your altcoin bags are just the middle one.
4/ Altcoins are loyalty points - one day the team promises to buyback with all the revenue, the next day they can dilute or ditch them and move on to the next one.
Now that tradfi and crypto are converging, the meta of how crypto companies launch token have to change.
5/ Most crypto projects are no different than Robinhood - a business built on crypto.
What they should issue instead is the "Seculity" token - a token representing company equity, doubling as utility in your product and the wider onchain ecosystem permissionlessly.
2.87K
10
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.